Aluminum Market Outlook: Spot Discount Narrows Sharply in Early September Amid Robust Demand

[SMM Analysis: Aluminum Spot Discount Narrows Significantly in the First Week of September and Outlook for the Future Market] SMM News on September 7:

During the first week of the "golden September," the aluminum market continued to decline after the macroeconomic sentiment weakened. As of Friday, the main contract of Shanghai Aluminum closed at 19,125 yuan/ton, down 410 yuan/ton from last week, with a low point recorded at 19,160 yuan/ton. However, the downstream demand for aluminum in September is favorable, and aluminum spot transactions have improved. Despite the continuous weakness in the spot market, the spot basis spreads have rebounded strongly...